Want to purchase a short sale?
A short sale happens when the seller's lender has agreed to collect a reduced payoff to release a mortgage.
Are they good deals?
Occasionally. Most people hear the term "short sale" and instinctively think of a seller that is in default and needing to sell their property quickly to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In cases such as these the reduced price may in fact be consistent with actual market values instead of below.
Are you ready to buy a short sale property?
If you are ready to buy, whether it be a short sale or a typical home sale,
Choice Jacksonville Realty is here to help. Use my experience and knowledge of real estate to be confident that you are getting a fair deal and will be protected during the full purchase transaction.